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January 2024 DFW Metroplex Housing Report

By
Real Estate Agent with DFW FINE PROPERTIES 0506509

The source for the Statistical Data comes from METROTEX Association of REALTORS® of which I am a member. Below are highlights for the areas I represent from buyers, sellers, and investors for residential properties. The DFW METROPLEX includes counties for:

  • Denton County
  • Collin County
  • Tarrant County
  • Dallas County 

Denton County

34.0% Market Share - $300,000 - $399,999

2.1 Months of Inventory - 2.0 in January 2023

$439,000 Median Price + 4.5% to January 2023

91 Total Days on Market - 10 less than January 2023 - 54 Days on Market + 37 Days to Close

777 Closed Sales Up 9.3%

2,420 Active Listings Up 2.0%

There are 48 towns & cities in Denton County. A sample of Cities & Towns in Denton County.

TARRANT COUNTY

34.6% Market Share ($300,000 - $399,999)

2.3 Months of Inventory - 1.9 in January 2023

$335,00 Median Price 0.0% to January 2023

86 Total Days on Market - 2 less than January 2023. (54 DOM + 32 DTC)

4,221 Active Listings Up 9.5%

1,209 Closed Sales - Up 0.5%

There are 87 cities and towns in Tarrant County.

DALLAS COUNTY

26.2% Market Share ($200,000 - $299,999)

2.4 Months of Inventory - 1.8 in January 2023

80 Total Days on Market - 1 less than January 2023. (50 DOM + 30 DTC)

1.270 Closed Sales - Up 17.3%

4,142 Active Listings - Up 23.3%

There are 84 cities and towns in Dallas County.

COLLIN COUNTY

$350,000 Median Price + 9.4% to January 2023

31.1% Market Share ($500,000 - $749,999)

2.1 Months of Inventory - 1.9 in January 2023

89 Total Days on Market - 13 less than January 2023 (56 DOM + 33 DTC)

941 Closed Sales - Up 20.5%

2,628 Active Listings - Up 14.2%

There are 77 cities and/or towns in Collin County


IMPORTANT


The following information comes from 21 years of experience and expertise. Important things to take into consideration when moving to the DFW area may include the following:

  • Prospective Buyers should obtain quotes for Home & Vehicle Insurance. Due to the population increase in DFW, including the number of claims filed for hail and storm damage, rates have gone up. It is important to make sure you can obtain and afford home and auto insurance coverage before you decide to make an offer. Do not assume what you're paying in another city or state that rates will be the same or coverage will be available.

  • Garages are very important to protect vehicles. How do you get access to your garage when parking? From the front of the house, rear, side? Make sure your vehicles fit and if you have to swing your car, is there enough room?

  • Lighting is important to take into consideration both for interior and exterior. 

  • HOA restrictions are important to know, especially if you plan to raise chickens, or have multiple pets. How much are the annual dues should factor into your monthly payments. Understand that HOA fees can change along with potential assessments. Learn before you buy the rules and guidelines. 

  • Call the School Districts to verify where children will attend schools. Go to school - directly to the school district before you buy to make sure schools aren't over capacity because some children may be bused outside their district. 

  • If you have a child who requires Special Needs, contact the school district for information before you buy. 

  • Inquire about utility bill costs and who are the sources who provide electricity, gas, water, and waste management.

  • Road construction continues to delay traffic. Do not depend on calculating milage distance on paper or via the Internet. 

  • If medical needs are important, find out in advance about local hospitals, physicians, and medical facilities before you make a decision to buy. 

  • Are there enough Police, Fire, and Emergency Services available in the areas where you considered moving?

  • Whether you buy new construction or pre-existing, it is imperative to get a Home Inspection. The Inspector works for the buyer, not the builder or the real estate agent. 

Finding the right Agent to consult with and guide you is crucial. Get to know them and the areas before you ask anyone to draw up a contract. Buying a home is so much more than closets, kitchen, living room, bedrooms, storage space, etc.  

Posted by

Texas Law requires all license holders to provide the Information about Brokerage Services form to prospective clients.

https://www.trec.texas.gov/sites/default/files/pdf-forms/CN%201-4-1.pdf

dfw fine properties

PATRICIA FEAGER, REALTOR®
DFW FINE PROPERTIES
3575 LONE STAR CIRCLE SUITE 315
FORT WORTH, TEXAS 76177

Email Me
                                  

                                     

MBA (University of Dallas)
BA
(Bachelors of Arts & Science)
Paralegal (Southeastern Career Institute)
Associates (3) (College of Lake County)
KU (University of Kansas)

CERTIFICATIONS

CRS (Certified Residential Specialist)
SRES (Certified Senior Residential Specialist)
PSA (Certified Pricing Strategies; Mastering the CMA)
CRS (Certified Military Relocation Specialist)
RENE (Real Estte Negotitions Expert)

"With self-discipline most anything is possible." --- Theodore Roosevelt 

 

 

 

  

Comments (9)

Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hello Patricia - a lot of information-gathering goes into a property purchase decision.  An analysis of data plus things like "does my car fit" become issues - big and small.  The way they combine with other factors make the real estate industry fascinating. 

And sometimes a bit frustrating too.  It's not easy but participation in it can definitely be rewarding.  The importance of home is still highly prized.  

Feb 17, 2024 07:08 AM
Patricia Feager, MBA, CRS, GRI,MRP

Good morning, Michael Jacobs! There is so much more to buying a house than just the stats. Buying a home that fits encompasses so much more. There is nothing worse than having a very nice big truck or vehicle, but it doesn't fit inside the garage. HOA's most likely have restrictions on parking on the street or leaving a vehicle in the owner's driveway. 

Your comment fit right in with the content. Thank you, very much!

Feb 17, 2024 07:20 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Patricia and thank you for sharing your market report with us today in the Rain.  Hope you are doing good.

 

Feb 17, 2024 07:13 AM
Ray Henson
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

It looks like you have a pretty good amount of homes available in your area.  Has the inventory been going up or going down?  Thank you!

Feb 17, 2024 07:34 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Patricia this is very good information for anyone looking to purchase or sell a home in these counties.

Feb 17, 2024 08:08 AM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Patricia Feager, MBA, CRS, GRI,MRP  There are many factors to consider when purchasing a home. Your format puts together many essential features that many do not think about. Great food for thought if you are selling or buying a home 

Feb 17, 2024 11:03 AM
Nick Vandekar, 610-203-4543
Realty ONE Group Advocates 484-237-2055 - Downingtown, PA
Selling the Main Line & Chester County

You mention so many things people do not even consider, on top of just finding a home to buy. All good advice as well. Buyers in the DFW area will be well served to give you a call for help.

Feb 17, 2024 12:19 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

I am so amazed at your median price points, now if I could convince Diane to pack up and sell our home....Endre

Feb 17, 2024 09:56 PM
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

Good morning! That's a great list of items for buyers to consider. As for the market statistics, the lengthening in months of service might mean a move to a more balanced market??

Enjoy your day!

 

Feb 18, 2024 06:41 AM
Roy Kelley
Retired - Gaithersburg, MD

Families on the move will appreciate your local real estate reports.

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Feb 19, 2024 10:03 AM